Blog
KYC Utilities: The Promised Silver Bullet for Nordic Banks?
The Nordic banking landscape has witnessed significant upheaval over the past few years, moving from an untarnished reputation for having the safest financial institutions in the world to being mired in a number of complex, global money-laundering scandals
Es ist Zeit für ein PEP-Gespräch: PEP- und Risikomanagement bei der Bekämpfung der Finanzkriminalität
Die Nichteinhaltung von Compliance Vorschriften ist eine kostspielige Angelegenheit. Im Jahr 2022 erhielten Finanzinstitute (FIs) weltweit4,2 MilliardenDollar an Vollstreckungsmaßnahmen wegen Verstößen gegen die Geldwäschebekämpfung (AML), einschließlich V
The CFPB’s New 1071 Rule
In the United States, financial institutions (FIs) are preparing to comply with new rule introduced by theConsumer Financial Protection Bureau(CFPB) has introduced a new rule, 12 C.F.R. Part 1002, implementing Section 1071 of the Dodd-Frank Act.
Update to Money Laundering Regulations in the UK
On January 10, 2024, theMoney Laundering and Terrorist Financing(Amendment) Regulations 2023, take effect. The updated regulations mark a slight shift in the regulatory landscape in the United Kingdom. These regulations introduce modifications to the Money
The State of KYC Digitalization: Progress and Challenges Ahead
In Fenergo’s webinar,‘KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?’,a panel of compliance experts zoned in on what the data from Fenergo's research on 1100+ executives at global banks tells us about key Know Your Custome
Understanding the New US Beneficial Ownership Reporting Requirements
Staying ahead of new financial regulations is not just a strategic advantage; it's a necessity. The Corporate Transparency Act (CTA) in the US has changed beneficial ownership requirements from January 1, 2024, and it’s vital to know how to respond.
5 Simple Steps to KYC Data Remediation
This year is set to be another busy year on the regulatory front with the heavy lifting on all the big regulatory headliners expected to take place. In particular, regulatory data will take centre stage this year as financial institutions strive to impleme
Regulatorische Änderungen und Trends im Jahr 2024 für AML, KYC und digitale Vermögenswerte navigieren
In einem Webinar von Fenergo mit dem Titel „Leitfaden zu den globalen regulatorischen Änderungen 2024“ haben wir uns eingehend mit den regulatorischen Trends für das Jahr 2024 und den bevorstehenden Änderungen in den BereichenGeldwäschebekämpfung (AML)undK
A Step-by-Step Guide to Mastering KYC Onboarding
Know Your Customer (KYC)onboarding is a critical process for businesses in the financial sector, aimed at verifying the identity and assessing the risk associated with new clients. It is also an opportunity for banks and financial institutions to establish
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